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Worker’s remittances hit $3.2 billion in april 2025, reports SBP

Published on: May 9, 2025 4:52 PM

According to newly released data from the State Bank of Pakistan (SBP), workers’ remittances reached $3.2 billion in April 2025, marking a 13.1% increase compared to April 2024. This steady growth in inflows reflects the strong contribution of overseas Pakistanis amid a challenging global economic landscape.

The SBP further reported that during the first 10 months of the ongoing fiscal year, total remittances surged by 30%, amounting to $31.2 billion. This significant uptick highlights the resilience and growing support from the Pakistani diaspora.

In terms of country-wise contributions, Saudi Arabia remained the top source, sending $725.4 million in April, followed by the United Arab Emirates, which contributed $657.6 million. These two Gulf countries continue to play a central role in sustaining Pakistan’s external financial inflows.

The central bank attributes this surge to improved formal banking channels, government facilitation measures, and stable exchange rate dynamics that have made remitting money through official routes more appealing and reliable for expatriates.

Remittances are a key pillar of Pakistan’s economy, providing critical support for foreign reserves, easing pressure on the trade deficit, and boosting household incomes across the country. The latest data provides a positive signal for economic stability amid broader regional uncertainties.

Filed Under: Business Tagged With: 13.1% increase, Latest, lead3, reached $3.2 billion in April 2025, State Bank of Pakistan (SBP), Workers' remittances

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